Global Payments Q3 2024 Earnings Report
Key Takeaways
Global Payments Inc. reported solid financial results for the third quarter of 2024, with GAAP revenue of $2.60 billion, an increase of 5%, and adjusted EPS of $3.08, an increase of 12%. The company is making progress on its transformation agenda and reached an agreement to sell AdvancedMD.
GAAP diluted earnings per share (EPS) of $1.24, a decrease of (11)%, and adjusted EPS of $3.08, an increase of 12%.
GAAP revenue of $2.60 billion, an increase of 5%, and adjusted net revenue of $2.36 billion, an increase of 6%.
Reaffirms outlook for 2024.
Reached a definitive agreement to sell AdvancedMD.
Global Payments
Global Payments
Global Payments Revenue by Segment
Forward Guidance
The company continues to expect adjusted net revenue to be in a range of $9.17 billion to $9.30 billion, reflecting growth of 6% to 7%, and adjusted earnings per share to be in a range of $11.54 to $11.70, reflecting growth of 11% to 12% over 2023. Annual adjusted operating margin for 2024 is still expected to expand by up to 50 basis points.
Revenue & Expenses
Visualization of income flow from segment revenue to net income